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Cannon AFB

Learn about the people, housing, costs and businesses in Cannon AFB, New Mexico

Median Rent$1,206/month
Population2,405
Leading IndustriesFinance & Insurance · Information & Media · Transportation8% finance & insurance
Home Value Growth+9.0% over 2 years
Young Adults28% of residentsnear the national average
NotableTransit91/100 · excellent transit access
Cannon AFB
NM

Frequently Asked Questions

What are today's mortgage rates in Cannon AFB?

As of today, the 30-year fixed mortgage rate for Cannon AFB is approximately 6.840% (6.874% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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Are home values rising in Cannon AFB?

Home values in Cannon AFB have increased 9.0% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cannon AFB?

Based on a typical all-in ownership cost of $1,206/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cannon AFB is $63k/year.

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What industries drive the economy in Cannon AFB?

The largest employment sectors in Cannon AFB are public administration (19%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.